March 15, 2013: Commercial Building Energy Storage to Expand More Than Five-Fold by 2022
BOULDER, Colo. — In cities and regions where local utilities and governments allow building owners to monetize the value of peak load shifting, energy storage technologies are likely to spread rapidly, according to a new report from Pike Research, a part of Navigant’s Energy Practice. The firm predicts the total capacity of commercial building energy storage systems will grow from about 900 megawatt-hours (MWh) in 2013 to more than 5,000 MWh in 2022.
The market for energy storage in commercial buildings includes one mature segment — energy storage systems for uninterruptible power supply (UPS) systems — as well as two emerging segments: electrical energy storage (EES) systems and thermal energy storage (TES) systems.